Relative TSR Modifier Sample Clauses

Relative TSR Modifier. The Percentage of Target Award Number is subject to a TSR modifier (upward or downward by [applicable percentage]) based on the Company’s TSR Percentile, as set forth in the table below, subject to the Overall Final Award Cap set forth in paragraph 5 below, and provided that the positive modifier will not be applied if the Company’s TSR is negative. [applicable percentile] [applicable percentage] increase [applicable percentile] [applicable percentage] decrease

Relative TSR Modifier. After the Level of Achievement of the Relative Performance Goal is determined by the Administrator as provided in this Agreement, the Relative TSR Modifier shall be determined and applied in accordance with the TSR Modifier chart in Exhibit A attached hereto and made a part hereof. As used in this Agreement, “Relative Total Shareholder Return” and “Relative TSR” mean TFC’s total Common Stock shareholder return performance rank defined as a percentile for the Performance Period relative to the range of the Peer Group members’ total common stock shareholder return for the Performance Period. Total shareholder return for TFC and each Peer Group member shall be calculated based upon TFC’s Common Stock and the Peer Group members’ common stock appreciation during the Performance Period plus the value of dividends paid during the Performance Period on such stock (which dividends shall be deemed to have been reinvested in such underlying stock).

Relative TSR Modifier. The final number of Shares to be paid under this Award Agreement will be calculated by adjusting the Participant’s total Preliminarily Adjusted Units upwards or downwards based on the Company’s Relative TSR performance compared to the Peers. The adjustment will be based on the table below. 25th Percentile or Less -50% 50th Percentile 0% 75th Percentile or Greater 50% If Relative TSR percentile rank exceeds the 25th percentile and is less than the 50th percentile, or if Relative TSR percentile rank exceeds the 50th percentile and is less than the 75th percentile, the TSR Modifier will be determined by straight-line interpolation between the applicable corresponding percentages set forth in the table. The total Award earned is calculated by first multiplying the number of the Preliminarily Adjusted Units by the TSR Modifier. The sum of (1) the Preliminarily Adjusted Units and (2) the product of the Preliminarily Adjusted Units and the TSR Modifier, not in excess of 225% of the Target Shares, is the Final Adjusted Units. Subject to the maximum value limitation set forth in paragraphs 4c of the Award Agreement, each Final Adjusted Unit represents a right to receive one Share. In no event will the Final Adjusted Units be less than zero. In no event will the number of Shares issued to the Participant under the Award exceed the maximum value limitation set forth in paragraph 4c of the Award Agreement.

Relative TSR Modifier. Your Base Payout Percentage will be adjusted by applying the Relative TSR Multiplier determined by the Company’s Relative TSR percentile during the Performance Period, according to the following schedule. The multiplier will be interpolated for results falling between the levels shown. <25th 0.75 25th 0.75 50th 1.00 75th 1.25 >75th 1.25 The Award’s maximum 200% payout percentage cannot by exceeded by application of the Relative TSR Multiplier. In addition, in the event the Company’s TSR for the Performance Period is negative (Ending Stock Price plus Reinvested Dividends is less than the Beginning Stock Price), application of the Relative TSR Multiplier may not increase the Award’s final payout above 100%. To determine the Company’s Relative TSR percentile rank, the Company’s Total Shareholder Return (“TSR”) during the Performance Period will be compared to the TSR of all the companies in the Industrial, Consumer Discretionary and Materials sectors of the S&P 500 and the S&P 400 (the “Peer Group”). TSR is calculated as follows and assumes dividends are reinvested on the ex-dividend date:

Relative TSR Modifier. The Performance Units to be credited from Cash Flow from Operations results for the Performance Period are subject to a potential Relative TSR Modifier. The TSR performance of II-VI will be measured against the components of ▇▇▇▇▇▇▇ 2000 Index. If TSR performance is aligned with the 75th percentile TSR performance of the ▇▇▇▇▇▇▇ 2000 Index, the Performance Units credited based on the Cash Flow from Operations results will be multiplied by 125%. For every two percentage points below the 75th percentile TSR of the ▇▇▇▇▇▇▇ 2000 Index, the multiplier will be reduced by 1% to a minimum of 100% and for every two percentage points above the 75th percentile TSR of the ▇▇▇▇▇▇▇ 2000 Index, the multiplier will be increased by 1%. If II-VI’s TSR is negative for the three-year performance period, the multiplier will be fixed at 100%. See the table below for further illustration. If Cumulative TSR is equal to or more than 50 percentage points below Market 75th Percentile or there is an absolute negative Cumulative TSR 100% If Cumulative TSR is below Market 75th Percentile by less than 50 percentage points and there is an absolute positive Cumulative TSR Subtract 1% from 125% for each 2% below Market 75th Percentile If Cumulative TSR equals Market 75th Percentile 125% If Cumulative TSR is above Market 75th Percentile by less than 50 percentage points Add 1% to 125% for each 2% above Market 75th Percentile If Cumulative TSR is above Market 75th Percentile by more than 50 percentage points 150% Definitions:

Relative TSR Modifier. The “Relative TSR Modifier” shall be determined on the Company’s TSR Percentile for the Performance Cycle, in accordance with the following: Threshold ≤ 30th percentile 0.80 Target 55th percentile 1.00 Maximum ≥ 80th percentile 1.20

Relative TSR Modifier. The Relative TSR Modifier is calculated as follows. The Relative TSR shall modify the number of awards granted as shown in the table below, with pro rata increases, at 1/10th of 1% increments, between each listed percentage. Relative TSR is defined as the TSR of the Company as compared to the TSR of the TSR Comparator Group. TSR will be calculated based on the following formula: (((Ending share price + total dividends) / beginning share price)^(1/# of years))-1 The result will be expressed as a percentage. For this purpose, the beginning stock price will be the volume-weighted average closing stock price (VWAP) for the 20 trading days immediately preceding the performance period and the ending stock price will be the VWAP in the last 20 trading days of the performance period. Total dividends will be the aggregate amount of dividends per share of common stock, the record date of which occurred during the performance period. The TSR Comparator Group for the Performance Period is Avon Products, Beiersdorf AG, Church & ▇▇▇▇▇▇ Inc., The Clorox Company, Colgate-Palmolive Co., ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Inc., Hasbro Inc., ▇▇▇▇▇▇ ▇▇ & CO, Herbalife Ltd., Jarden Corp., ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Corporation, Lauder (Estee) Companies, Inc., Loreal Co., Mattel Inc., ▇▇▇▇ ▇▇▇▇▇▇▇ Nutrition Co., ▇▇▇▇▇▇ Rubbermaid, Inc., Nu Skin Enterprises, Procter & ▇▇▇▇▇▇ Co., Reckitt Benckiser Group PLC and Spectrum Brands Holdings Inc. A member shall be deleted from the TSR Comparator Group during the three-year performance period by the Committee due to a merger, liquidation or other corporate event which causes the Member to cease to exist as a publicly traded company, and such change will be made retroactively to the beginning of the Performance Period.

Relative TSR Modifier. The Average Percentage of Target Shares Earned determined as described above shall be further adjusted by multiplying such amount by the Relative TSR Modifier (as defined below), which shall be determined in accordance with the schedule set forth below based on the Relative TSR performance during the TSR Modifier Performance Period; provided, however, that if the Company’s TSR during the TSR Modifier Performance Period is negative, the Relative TSR Modifier shall in no event be greater than “No adjustment.” Threshold ≤25th .85 multiplier Target 50th No adjustment Maximum ≥75th 1.15 multiplier The modifier shall be determined using straight-line interpolation between the specified performance levels.

Relative TSR Modifier. The Adjusted Operating Cash Flow is subject to a payout modifier based on the percentile rank of Kyndryl’s total shareholder return relative to the comparison group of companies (the “Peer Group,” and each member thereof, a “Peer Company” and such percentile rank, “Relative TSR”) during the performance period beginning on , and ending on . For purposes of determining Relative TSR, the Peer Group will consist of the constituents of the S&P 400 Mid-Cap Index as of . ​ As shown below, there will be a 20% reduction in your payout if the Relative TSR ranks at or below the 25th percentile, a 20% increase if we rank at or above the 75th percentile, and an adjustment determined on a linear basis if we rank in between these levels. ​